An operating agreement is an agreement between the members of a limited liability company that describes how the company will carry out business obligations. The agreement is necessary to avoid the default rules of state limited liability company statutes.
Executioner definition: An executioner is a person who has the job of executing criminals. | Meaning, pronunciation, translations and examples
This term is frequently used in the law; as, to execute a deed is to make a deed. 2. It also signifies to perform, as to execute a contract; hence some contracts are called executed contracts, and others are called executory contracts.3. To execute also means to put to death by virtue of a lawful sentence; as, the sheriff executed the convict.1  Facebook. 2  Twitter.. It also signifies to perform, as to execute a contract; hence some contracts are called executed contracts, and others are called executory contracts. 3. To execute also means to put to death by virtue of a lawful sentence; as, the sheriff executed the convict. 1  Facebook.